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can take issue with. he going to devalue the dollar little further? give tax breaks to companies he is taking credit, he wants to spend more taxpayer money on infrastructure, math and science, ashley, where people who buy it. ashley: what's interesting is that he has managed to frame this, if you like by blaming the rich people who are just not paying their fair share. be gaining some traction. >> we have written a lot about this. it is a claim that he repeated in this advertisement. he said let's reduce the deficit by $4 trillion and raise the taxes on the wealthy. that means nothing in an economy where we would be running more than $1 trillion the annual deficit. mitt romney needs to come out and just do the arithmetic for people. the average american understands state of this economy. the banks on wall street monday doing good,. ashley: case in point. ohio, which is a very important swing state, if you look at their personal income since december 2007, it has risen a whopping 2.1%. in nearly five years. mr. obama has a lead not. >> yes, the pools are an open question. i don't buy
a president passing a tax rate on small businesses above 40%. that one tax only pays for 8% of his proposed deficit spending. so this idea, look, overseas, which where i come from means lake superior. we both live near canada, right? the canadians have this figured out. the canadians lowered their taxes to 15%. president obama wants to tax our successful small businesses to go above 40%? when we tax our job creators at much higher tax rates than our foreign competitors tax theirs, they win, we lose. we have to get right with the idea that our jobs come from successful small businesses. we don't want to tax them more, we don't want to regulate them more, we want them to hire more. that is essential. [applause] and none of this is going to work. no business is going to be confident to take that risk to hire people, to advance people, to give people promotions and raises and job security if they see their government borrowing and spending like it is. we can't keep borrowing 36 cents of every dollar our government spends. we can't keep the federal reserve doing what it's doing. we cannot keep l
us -- the double-digit inflation, the high tax rates that i think were hurting the economy, the stagflation that we were undergoing. before even the election day, something that none of those economists had even predicted had happened, that the economy was so worsened that i was openly saying that what we had thought on the basis of our plan could have brought a balanced budget -- no, that was no longer possible. so, the plan that we have had and that we are following is a plan that is based on growth in the economy, recovery without inflation, and reducing the share that the government is taking from the gross national product, which has become a drag on the economy. already, we have a recovery that has been going on for about 21 months to the point that we can now call it an expansion. under that, this year, we have seen a $21 billion reduction in the deficit from last year, based mainly on the increased revenues the government is getting without raising tax rates. our tax cut, we think, was very instrumental in bringing about this economic recovery. we have reduced infla
institute for a discussion on the scheduled tax increases the percent to hit in january, including the end of the bush era taxes, payroll tax holiday hikes and invested in come also. a new tax policies and to report says nothing is done. average marginal tax rates would go up by five percentage points on labor income, seven points on capital gains and more than 20 points on dividends. along with more than a trillion dollars in budget cuts. also starting january or known as the fiscal cliff. it should get under way in just a moment. [inaudible conversations] >> good afternoon, and welcome to the urban institute's first tuesday. my name is howard gleckman of the tax center blocks and we are here to discuss taxes in the fiscal cliff. as you all know, washington lives everything that happens here is the biggest or the worst were the most important. how many times for instance have you been told some politician is about to give the speech of his life until he gives the next speech. the tax armageddon has the potential to actually be a watershed in the fiscal policy. true it could be another opp
payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank you. >> thank you sir. the next question the city's liabilities are projected to increase in the next coming year. s what new or increased fees should it institute and i will repeat the question and we will begin with mr. crowley. >> i would say that one of the bigger things that we will have before us is the gross receipts tax check that norman talked about trading from the payroll tax which is punitive. the next thing i would do is increase the foot print on mos sony center and that brings in a lot of money to the general fund and erect a multi-purpose area and bring in more money to the coffers and a green i
to see dividend taxes go much higher because of that fiscal cliff? >> so we're proponents of dividend payers, but there's a qualification. it's dividend growth companies, not high-dividend yield companies, not your highest payout companies. it's intentionally the companies that are able to generate a sustained and regular growth of that dividend throughout time. it's high-quality equities we want to focus on. >> all right. we'll keep watching. thanks, gentlemen. we appreciate your time tonight. as we've been telling you, the third quarter is now in the books. who led the way? who is picking up the rear? jackie deangelis is here with the stat check. >> hey, maria. look at the heat map behind me. don't be fooled by it. it's been a pretty good quarter for stocks. the dow is up more than 4%. the nasdaq higher by more than 6%. the s&p 500 up just under 6%. speaking of the s&p, of the ten large cap sectors, nine were higher by 3% or many this quarter with energy leading the way followed by tech, consumer discretionary and financials. some of the risk on you could see in those groups. with t
they don't have enough time to explain how they will change your tax deductions, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first presidential debate. >> both candidates cramming for the first debate. >> everyone trying to lower expectations. >> franticly spinning to lower expectations. >> president obama is an experienced debatetor. >> i'm just okay. >> almost everyone seems to be muting enthusiasm in trying to undersell thvernlths is mitt's first time. >> i don't buy that. >> chris christie is taking a different tack. >> we have a candidate who is going to do extraordinary well on wednesday night. come thursday morning when we get to thursday morning, the entire narrative of
like medicare, you know, tax cuts for the rich, he has really been very forceful about contrasting his views on things with what he says are the views of the other side which is embracing the physician and the constituency who gets him in office. he doubled down and mobilizes his tools. he has tried to paint romney is an out of touch, pvate equity guy who would would not be one snowy white working-class person. i think the obama team realizes currently that there are some very offputting things about romney, which is all image. finally, we can't leave this without saying a word about republican performance. it has been designed, you might almost say. we sit down and try to optimize the things that you might say and raise concerns among independent voters. they probably couldn't have done much better. this, i think, reflects the way the republican party, to some extent has been captured by elements who are far away from the medium voter. and this type of approach to american society. it is far away from the political center. to some extent, delightfully honest about where today's gop is
are facing having to deal with spending cuts and tax increases at the end of the year. is so much of that already baked in that who wins november doesn't matter so much? >> yeah, i think there is some truth to that, but i do think the market at least in a knee-jerk fashion, if you were to get a republican sweep, i think there will be this negative reaction in the treasury market that there will be a short honeymoon period where the expectation will be things will get done, we will see perhaps some uncertainty removed. when you remove uncertainty, that's not good for treasuries. dagen: not by any stretch of the imagination. in terms of what you have seen happening in the ten year, how much does the federal reserve get credit for that and what it is going to undertake because again you have charles plosser of one of the fed banks kind of shooting down what the central bank is doing? >> you know, i mean it is interesting, if you talk i think to chairman bernanke, he will tell you that the fed has played a role in bringing treasury rates down, but, you know, i think it is more of a sa
of the unemployed and the poor. that is where a flat tax comes in. it allows attraction of the capital abroad. sam nunn was correct, you have to cut government spending. that has to happen, especially entitlements where you pay people not to work. there are other ways of bringing the debt down. cool ones. for example, how about a federal state, local, tax amnesty program? there are a lot of people in the underground economy that would be brought above ground with amnesty program. i estimate a federal, state and local tax amnesty program would raise about $800 billion in 90 days. you can also sell some assets off. camped person -- camp pendleton is 500 square miles in california. why not sell it? >>neil: my point, when you say it is too big to handle, you are missing the point, you cannot cut $16 trillion debt but you can boom your way from it. we are losing sight and what bill clinton learned in 1993, 1994, if you present a plan that looks credible like you want to reverse the direction, sometimes that creates a boom in and of itself and inspires confidence in the market that has little confidence
and the hotel tax is not collected. should the city legalize some or all of the arrangements and collect a hotel tax and we will begin with you -- i will be glad to repeat the question. >> i honestly don't know how you would enforce a law like that. of course everyone should pay their fair share but i don't know how you could enforce that. i believe we should standardize the inlaw units, maybe sure they're up to code and regulate any new units but as far as taxation i cannot see how you could actually enforce that and collect the taxes on it. >> thank you sir. mr. yee. >> cheryl i just want to make sure -- >> i can repeat it. there is internet base market for short base rentals and they sublease units to visitors and tourists and many are illegal and the city's hotel tax is not collected. should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels and these rentals advertise and i have used these apartments as rentals for either a few days or one week and it's kind of nice to be there so i would supp
needs in missouri? would you work with the general assembly on a plan for a tax increase to raise revenue for transportation? would you help provide the leadership in pushing for a vote to raise needed revenue for transportation? >> well, we need to make better use of the tax dollars with god. i don't, you know, i guess there was a plan to expand on 70 and expand the interchanges and put in toll roads, turnout over to contractors and let them run it. i'm not sure that's the thing we should do first, you know, we have to maintain the roads we've got an obviously maintain the bridge is. but you know, keep the tax, the gas tax the way it is now and make more efficient use of the money we've got. maybe contract out more, more things. if you give the contractors a bonus for finishing early, that seems to work. so things like that we would do. >> jay nixon. >> thank you. we have a long history in this area and our state. we have a very large system. so as i came in, with the doing a couple things and are now in the process of implementing a sumo foer. the first was to expand the capacit
. yet people still say, well, he's trying really i've. lori: he wants to try to cut tax of year and a higher percentage. 75 percent individual income rate. >> it is absurd. there is no economic basis for that other than we don't think people ought to earn that much money, so we're going to take away. that is socialism at its very essence. and so you elected socialist president. voila. you're going to have socialist policy, and that is what you have. he comes out with a 75% tax rate i chased the wealth of france. if you are a high income earner and investor, why on earth would you stay in france and have $0.75 out of every dollar taken away before you got a chance to spend it. almost any european country you could go and do better than that lori: do you think we're facing a similar path and the u.s. or do you expect americans to leave? >> it is very possible. there is some indication that some americans are already looking for ways to protect their income, protect their wealth. and you cannot blame them because of somebody -- i mean, it's the same thing. if i'm walking down sixth
are no longer eligible for the tax status. but 49 percent is not found in a law or regulation. it has simply been sort of rule of thumb for the agency. but to the irs, as anybody knows who has followed these groups, has not been very active in this area. so this is a problem yet unsolved. >> i will ask gary take you up the video because i want to play just the beginning of it that illustrate what we see as a problem in the way it was journalism is a covering the explosion of money. grease a story that could crush tries to say their is a lot of money here it and tries to report on finding secrets . in order to illustrate it runs the ads full screen and essentially journalism in that story ostensibly about money is magnifying the deceptive power of the ads. if you can take it back to the beginning of that video, i don't know if you can't, we have done an experiment to find out what is the difference between the story that is running with the ads all but full screen in the background and the story when you put a multiple matrix of. you put nine or ten screens of adds up as you air the same stor
of come californians looking for better lives elsewhere. europe slaps airlines with a carbon emission tax tacking it on to tickets. congress is trying to save the day but it could spark an owl ought trade war with europe. piles of money coming up. ♪ . [ male announcer ] wouldn't it be nice if there was an easier, less expensive option than a traditional lawyer? at legalzoom you get personalized services for your family and your business that's 100% guaranteed. so go to legalzoom.com today for personalized, affordable legal protection. ♪ . melissa: golden state is looking a little tarnished these days. a new report cites a number of reasons that people are leaving california and actually have been for years. things like high taxes, regulations, financial instability. have people moving to more business-friendly, less tax happy states like texas. joining me now is former press secretary for governor schwarzenegger and founding partner of the ginsberg mcclear group, aaron mcclear. glad to have you back on the show. >> thanks. melissa: the manhattan institute was talking about how for dec
will consider to measures to raise taxes for education. which one is better for schools? >> is hard to say which one is exactly better for schools because it depends on what your view of what works best in government. do you think should handle the money, who do you trust and how much you want to pay? let's compare proposition 38 and 30 >> guarantees politicians cannot touch it >> proposition 38 is waging a new campaign to funnel billions to our schools. attorney molly maunder is the biggest backer spending $20 million of art. she says the money will not go to the general fund but directly to the schools k through 12 and to early childhood programs. >> the money in 38 for the schools is barricaded from sacramento >> prop. 38 would raise the income taxes for almost anyone on a sliding scale. $75,000, you pay $1,082. 150,000, shell out 2700 in taxes and this will last for 12 years >> governor brown wants voters to support his ballot initiative, proposition 30. it raises sales tax a quarter percent for the next four years and raises income tax on those making more than $250,000 annual for the next
's on the november ballot. and i encourage everybody to vote for it. on the ballot as well is a business tax restructure to bring in new revenue for the city and many millions of dollars from that, about 13 will be dedicated to the affordable housing so we can ramp up development of affordable housing in san francisco. >> thank you. mr. everett? >> providing affordable housing is a central and extremely important issue. that being said, we also need to look at how we deal with public housing within the city and county of san francisco. i grew up in section 8 housing. i know what that is like. i grew up on food stamps, i know what that is like. we need to understand how we can end some of the cycles that we talk about on a day to day basis and the root causes of those cycles. the way to address those is to directly target the housing crisis in san francisco and directly target hud housing. we do that by providing vouchers to folks. with the vouchers you could take a family and moved them into mixed income units. i am a product of that. i am a product of a young person being able to wake up
revenue to balance its budget, what new or increased taxes or fees should it consider? çk w miss breed, mr. everett and mr. johnson. >> london breed. i think part of what i see is a lot of waste and i also see a lot of very high salaries. i think we need to start by making sure, for example, when not going to pay for bottled water and that saved the city millions of dollars. i think we need to start looking at things, like cutting the costs on the number of vehicles we use, gas and some of the basics in order to save revenue in that capacity. we also need to look at the salaries. i know that we, as members of the board of supervisors, that is a little bit more difficult, because we get into potentially micromanaging. but in terms of fees, there are a number of ways to look at new fees, but i do think that we need to manage what we have now in a responsible way before we start to open the door to new opportunities to increasing revenue for the city. >> thank you. mr. everett. >> what we need to do is stop raising revenue off the backs of people who could afford it the least. if we're
romney's going to race taxes on the middle class. now, mitt romney has never made that claim. this is coming from a report making all kinds of arguments. and he's made all kinds of a assumptions that the romney campaign has rejected. also puts harvey rosen, you can also generate enough growth to avoid a middle class tax increase. there are a loft credible folks saying something else. it's a fact he's going to raise middle class tax. >> the obama campaign, david plouffe is a chris christie of the campaign saying their campaign is built on a tripod of lies and the president has said sometimes they just make things up. >> last i checked, isn't this called politics? you have lying all the time in politics. it is our responsibility to call folks out on it. on my tv 1 show, i have a segment called the biggest damn lie. >> that's got to be a very tough line to draw. >> some lies are much bigger than the others. you have to call folks out on it. here's the problem i have when it comes to a debate. when you hear lies on a debate, they should be called on out on the spot. when you hear
taxes. i have served on the sunshine task force and we had a lot of members of public come in front of us, looking for reasons why all of these projects were overbudget and i think there is a lot of waste there government. we just talked about the hetch hetchy matter and building was supposed to be $140 million, but it was actually $65 million over budget. the department of public works doesn't even have all of its receipts. the bond oversight committee is supposed to be have access to those receipts. they can't get them. so we ce[6ud money is not accounted for. we found waste in the arts commission, which the controllers office confirmed and the civil grand jury confirm and we also found waste in various other departments. and this board of supervisors needs people on it who will actually ask those questions. thank you. we have a couple other candidates who wanted to jump in here. mr. davis and miss selby. >> after $1.5 billion in public service sector cuts in san francisco since 2008, since our budget crisis, we can't balance our budget going forward on cuts alone. we have got
one tourist attractions in the united states. it generates $9 million tax revenue a year and the buddhists say in heaven and hell is on everyday. you come into the city, can you go church and come out and go to westportal and get a ticket. i think that is morally wrong and gouging and gouging and eventually it's just bad pr and for the generating 2.5 million dollars on this budget it's senseless and it's just more government putting the throats -- putting the boots on the throat of the average day citizen. >> all right. thank you sir. mr. yee. >> so let's face it. let's not make our parking meters the atm for the city. i mean we really need to support the notion that we don't want meters to operate on sunday, especially in our district, district seven. the business corridors need access to customers and when you charge on sundays and parking meters the same people shopping and at restaurants they're going to go somewhere else. they're going to go to stonestown and the malls and if you believe in the small businesses in the community then we need to support the noti
where they asked whether you would take the bargain of one dollar's worth of tax increases or $10 worth of basically tax cuts and everybody raised their hands and said they would not accept that. we have become a country where -- it is not just one side, both sides, but more one side now than ever is not willing to be realistic about how we can tackle these challenges. if there is a crisis that i see in the united states for the long term, it is not the temporal issue of how we will deal with money. because i am very confident we will be able to deal with that. it is how will we bring that -- bring back our sense of what we can accomplish together as americans when we are realistic about those challenges. that is the thing i think about the word "crisis" in this country. >> mayor castro is not the first to suggest that. for 10 years now, we heard that the government is not asking all of us to do enough. >> it is interesting. the word "sacrifice," when i hear a politician say that, it usually means grab your wallet. it usually means increasing taxes. and i will give president obama credi
to $50,000. this is -- we check credit. we need a business plan. then we look at the three-year tax return and that statement. we do a lot of home care and mom-and-pop shops. we also do start ups. we asked for approval through documents. we work a lot with people who do not know how to file taxes properly. we are mainly focused in san francisco. we are small. we focus mainly on the tenderloin, chinatown, bayview, visitation. we do a lot of expansion. people start small through the credit union and then want to go to the bank. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need
would look at the real estate transfer tax and we were able to add significant revenue that way. he think i'm the only candidate here who has been talking extensively about a commercial tax rent. commercial property owners in the state of california have been on a tax holiday since prop 13 and under the reagan and bush eras. and we could use that revenue to fund our public schools and restore jtor city college. >> thank you, miss selby. >> two of the things that are being done this november and i would love for to you vote for both of them, 30 and 38. those are two measures that would raise money for education and money in education is in dire straits. it's okay to vote for both. i also do support gross receipts. and i'm a small business person, and i wanted to let you all know that i have done sort of looked what i pay now $9,000. i have seven employees and i pay $9,000 a year and i will pay $750. so for small businesses the gross receipts actually does help and does not put the burden on the little guy and it is progressive and so it does become progressively as you make more mo
on the global elite. clinton says the rich around the world not just here should pay higher taxes. dagen: the co founder of one of america's greatest companies now wants to become a citizen in another country. connell: top of the hour, stocks now and every 15 minutes beginning with nicole pet petallides -- nicole petallides, let's talk about facebook. nicole: over the weekend with facebook on the cover of barron's, with the down arrow, right? $15, certainly just saying it was still too pricy at the current levels, the stock sold off. here it is now gaining about 1/2%. but still for this week alone, down 9%, just in these two trading days, so it shows you that's still under significant pressure. mark zuckerberg of course time it sold off and it was lower was saying buy, double down, you know, pick it up but someone like barry diller and some insiders say well mark zuckerberg is young, his view is much longer term than most. nowhere near the $38 ipo price. the dow is up 60 points, above 13,600 once again. the s&p 500 up about 1/2%. much like the tech heavy nasdaq. some names that are leading the w
leader with the ability to take on the tasks at hand. to balance the budget, to expand the tax base, to give our children back the american dream. the candidate is ross perot. the issue is our children. the choice is yours. host: from 1992 when he ran his first of two independent bids for the white house, falling short in 1992 and 1996. one viewer says we need to listen to all points of view. we need third parties. one question is the role of third parties in politics. here is ross perot. >> you ran twice. you established the united we stand and the reform party. do you feel that is needed today? is there something wrong with the two party system that has gotten more acrimonious. >> it is almost impossible to do it. it would be a very healthy thing if you could get it done and make it happen. it is very difficult to do, and very few people would want to try to do it because they know they will be butchered from day one. much of the media will participate actively in that. host: the whole interview conducted by richard welfare's tomorrow evening at 9:00 eastern time -- richard wolf t
of europe. france's new socialist government unveiling plans for a 75% super tax. stuart varney host of "varney & company", fox business network. glad you're happy you left 35 years ago. what's up? >> germany is telling france hey, you got to get that budget deficit under control, big budget deficit is verboten the socialist president of france, francois hollande, tax the rich, not so rich, capital gains, profits, you name it, there will be a big new tax. on upper end of income every dollar over a certain level the french government will take 75 cents. rip it right out of your hand. 75 cents on the dollar. more than $200,000, they take 45 cents on the dollar, almost half. bill, this is a massive gamble because france's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on div
Search Results 0 to 49 of about 481 (some duplicates have been removed)

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